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February 5 Market Report: Executive Mosaic’s GovCon Index and Wall Street Sink, Hope of Early Rate Cut Fades

Executive Mosaic’s GovCon Index slipped further to $4,615.41 (-0.77%) as investors’ confidence sank to start the week. Fed Chairman Jerome Powell confirmed on Sunday that no rate cut is coming in March. The Dow Jones Industrial Average (-0.71%), the S&P 500 (-0.32%) and the Nasdaq Composite (-0.20%) tumbled in unison.

February 5 Market Report: Executive Mosaic’s GovCon Index and Wall Street Sinks, Hope of Early Rate Cut Fades
Post

February 5 Market Report: Executive Mosaic’s GovCon Index and Wall Street Sinks, Hope of Early Rate Cut Fades

Executive Mosaic’s GovCon Index slipped further to $4,615.41 (-0.77%) as investors’ confidence sank to start the week. Fed Chairman Jerome Powell confirmed on Sunday that no rate cut is coming in March. The Dow Jones Industrial Average (-0.71%), the S&P 500 (-0.32%), and the Nasdaq Composite (-0.20%) tumbled in unison.